InvestorsHub Logo
Followers 248
Posts 26046
Boards Moderated 13
Alias Born 06/14/2006

Re: funmaxus post# 14919

Tuesday, 12/08/2009 12:27:42 PM

Tuesday, December 08, 2009 12:27:42 PM

Post# of 16405
interesting news, not sure exactly what to make of it just yet but interesting nonetheless

back to the previous discussion on share structure

ibox as of sept 8 shows some

1,239,260,000 in the os now

if we assume the two pr's below are reducing the OS directly;
---------------------
Oct 29th, 2009

"141 Capital’s Board Authorizes Contribution of Shares from Principals

141 Capital announced today that at a Special Meeting, the Board of Directors authorized the acceptance of contributions of up to 620,000,000 shares of 141 common stock from Errol Stone, CEO and Paul Strickland, a director of 141 Capital. Any shares contributed will be returned to 141's treasury."
http://ih.advfn.com/p.php?pid=nmona&cb=1260292579&article=40114545&symbol=NO%5EONCP
-----------------------
"11/12/2009
141 Capital’s Principals Return Shares"

"141 Capital announced today that its CEO, Errol Stone, and Paul D. Strickland, Jr., a director, have collectively contributed 310,000,000 shares of 141 Capital stock to the Company. The shares will be returned to 141’s treasury.


Errol Stone, CEO stated: “We are pleased to make this contribution of 310,000,000 shares. It represents tangible value to our shareholders as it substantially reduces the issued and outstanding shares of the Company’s common stock.”
------------------------

While some prior announcements talked about preferred stock being returned, these two do not, so...are we to assume these fellas returned some 930 million of 1,239,260,000 shares I/O, leaving an oustanding shares total of:

309,260,000 ??

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.